Quintric Monetary Tokens

U.S. Tokens

The Quint and the QuintS (“US tokens”) are specifically designed to allow U.S. citizens to reap the full benefits of their country’s legal tender laws, although others from around the world are welcome to make use of them as well. One thousand gold or twenty silver US tokens may be surrendered for either a one-ounce U.S. minted gold or silver legal tender coin, respectively, which are vaulted and insured at a 100% reserve ratio, payable to the token bearer on demand.

Each Quint token certifies five U.S. gold cents held on deposit by The Quintric Corporation payable to the bearer on demand in one-ounce U.S. American Eagle or Buffalo gold coinage (at 1,000 tokens per coin). Because U.S. one-ounce gold coins are stamped with a fifty-dollar face value, each contains 5,000 gold cents or 1,000 Quint. Thus, each token represents one thousandth of a troy ounce of U.S. legal tender gold. No cap applies to this token. So, the only limitation on its issuance is the supply of U.S. gold coin, which by law the U.S. Treasury is to produce in quantities “sufficient to meet public demand”.28 The cost to convert U.S. paper dollars to Quint is determined by dividing the retail proof coin price published by the U.S government on usmint.gov by one thousand. Each token is subject to a 100% reserve ratio that meets the highest standards of vaulting accountability.

Each QuintS token certifies five U.S. silver cents held on deposit payable to the bearer on demand in one-ounce, U.S. American Eagle silver coinage, at 20 tokens per coin. This means that each QuintS token represents one twentieth of a silver dollar—the coin’s face value. Like Quint, the supply of this token is uncapped, subject only to the U.S. Treasury minting “sufficient to meet public demand”. The cost of conversion from paper dollars is calculated at the same rate as the Quint so long as the gold/silver ratio remains above 60. Thus the purchasing power of the Quint and QuintS will remain the same for the foreseeable future. Each token is subject to a 100% reserve ratio that meets the highest standards of vaulting accountability.

International Tokens.

The system supports international commerce by means of the iQuint and iQuintS (collectively the “iQ tokens”), backed 100% by gold and silver insured holdings. One thousand gold or twenty silver iQ tokens may be redeemed for any one of the five existing, one-ounce, specie legal tender coins denominated in each of the issuing countries’ respective currencies, other than the U.S. Dollar. Alternatively, iQ tokens may be redeemed in amounts as little as one iQ token in the form of the official coin of the realm issued by the Royal Court of Breifne, Ireland’s Ancient Middle Kingdom. Efforts are already underway to develop QuintCard and QuintCoin for this very purpose.

The International Gold Quint or iQuint is an uncapped cryptocurrency backed by Briefne’s coin of the realm together with a basket of five other legal tender gold coins, consisting of the Canadian Maple Leaf, the Austrian Philharmonic, the Chinese Panda, the British Britannia, and the Australian Kangaroo. iQuint may be redeemed by the token holder in any one of these forms by tendering one thousand tokens per government-issued, one-ounce coin, or as little as one token for a Breifne QuintCard, which will be available in one, five and twenty-five iQuint denominations. Like Quint itself, an iQuint token represents one thousandth of an ounce of gold legal tender. The conversion rates are the same for both Quint and iQuint, so they are directly interchangeable through the Quintric escrow. The gold holdings vaulted as backing for iQuint will contain at least five percent of each sovereign coin offered as a redemption option, with the remainder in Breifne coin of the realm. The iQuint is subject to the same meticulous vaulting and auditing procedures as the U.S. Gold Quint.

The International Silver Quint or iQuintS is an uncapped cryptocurrency backed by Briefne’s coin of the realm together with a basket of five other legal tender silver coins, consisting of the Chinese Panda, the British Britannia, the Austrian Philharmonic, the Canadian Maple, and the Australian Kangaroo. iQuintS may be redeemed by the token holder in any one of these forms by tendering twenty tokens per government-issued, one-ounce coin, or as little as one token for Breifne QuintCoin which will be available in one and five iQuintS denominations. Like QuintS itself, an iQuintS token represents one twentieth of an ounce of silver legal tender. The conversion rates are the same for both QuintS and iQuintS, so they are directly interchangeable through the Quintric escrow. The silver holdings vaulted as backing for iQuintS contain at least five percent of each sovereign coin offered as a redemption option, with the remainder in Breifne coin of the realm. The iQuintS is subject to the same meticulous vaulting and auditing procedures as the U.S. Silver QuintS.